Industrial Panel PC Market Size, Share, Growth and Industry Analysis, By Type (Fan-enabled Panel PC and Fanless Panel PC), By Application (Communication and Network Infrastructure, Digital Security and Surveillance, Industrial Automation and Control, Instrumentation/Test Automation, Aerospace and Defense, Retail Automation and Transportation), Regional Insights, and Forecast To 2031

Updated On: 13 November 2023

Industrial Panel PC Market Report Overview

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The global industrial panel pc market size is expected to be USD 1061.8 million in 2022 and is projected to touch USD 1537.64 million by 2031, at a CAGR of 4.2% during the forecast period. 

The Panel PC is a subclass of industrial PCs in which the motherboard, various components, and a display, often a liquid-crystal display (LCD), are all housed in the same chassis. Usually panel-mounted, they frequently feature touch screens for user interaction. In addition to more robust models that are IP67-sealed to be watertight at the front panel and models that are explosion-proof for installation in hazardous situations, they are also available in less expensive versions that lack environmental sealing.

COVID-19 Impact: Suspended Manufacturing Facilities led to Disruption in Supply Chain and Raised Costs of Raw Materials

The global COVID-19 pandemic has been unprecedented and staggering; with the industrial panel pc market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Nearly every industry in the world was affected by the COVID-19 epidemic. The manufacturing facilities had been temporarily suspended due to government constraints and World Health Organization (WHO) standards. Additionally, the protracted lockdown in numerous nations disrupted the supply chain and raised the cost of raw materials. Thus, the market of industrial panel pc was impacted by several reasons.

LATEST TRENDS

"Use of Company’s Leadership and Knowledge to expand Control and Imaging Portfolio and Provide High Quality Solutions"

In May 2020, ASEM, an Italian company, was acquired by Rockwell Automation, a company with U.S. headquarters that offers industrial automation, control, and power. As a result of this procurement, Rockwell will be able to use ASEM's market leadership in industrial panel pc and knowledge in human-machine interface (HMI) to expand its control and imaging hardware and software portfolio and improve its capability to provide high-quality results, integrated automation solutions

Industrial Panel PC Market Segmentation

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• By Type

Based on type, the market is distributed into Fan-enabled Panel PC and Fanless Panel PC

• By Application

Based on application, the market is divided into Communication and Network Infrastructure, Digital Security and Surveillance, Industrial Automation and Control, Instrumentation/Test Automation, Aerospace and Defense, Retail Automation and Transportation

DRIVING FACTORS

"The Fanless Design helps the System Stay more Durable Reliable and also makes the System Energy Efficient "

A clever design that uses heatsinks to lower the temperature of the interior heat-generating components makes it possible to passively cool a PC. The system is more durable and reliable as a result of the removal of fans. Additionally, by doing away with fans, the system is made more durable because ventilation holes are no longer necessary. Additionally, the removal of fans results in a sealed-off system, which makes it more suitable for deployment in settings with extreme temperatures. The fanless design also provides infiltration protection from splashes of water and dust. Additionally, the removal of fans results in a system that is more resilient to shocks and vibrations, extending the machine's mean time between failure (MTBF). Taking away the supporters also makes a more energy efficient system since there are no supporters in the system that need to be powered

"Wide Operating Temperature Range Provides Companies Flexibility to Foster Growth"

Industrial panel PCs have a wide temperature range that allows for a variety of deployment environments, giving companies using them flexibility. They are deployable both inside and outside. However, the relatively small temperature range of LCD displays makes outside deployments difficult. Between two layers of glass, liquid crystal displays (LCDs) contain a liquid material. The liquid in the display starts to freeze as the temperature drops, which slows down how quickly a picture is displayed. Therefore, the makers provide a choice of panel computers for end users that can be deployed in harsh locations.

RESTRAINING FACTORS

"Initial High Investments make it Difficult for Small and Medium Businesses to Afford the Industrial PCs"

The rise of the industrial panel pc market growth will be hampered by the expensive beginning investments. Industrial PCs assist in real-time planning, controlling, and monitoring of processes in manufacturing plants to increase production and efficiency. These PCs give manufacturers additional insight into their supply, distribution, and operational activities and help them make better decisions based on the demand models of their customers. However, small and medium-sized firms and startups cannot afford the hefty capital necessary to buy them. They are employed to automate some of the most expensive procedures that factories adopt. The actual cost reductions from using automation may be outweighed by other unforeseen costs, such as R&D, preventive maintenance, and upkeep.

Industrial Panel PC Market Regional Insights

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"Asia Pacific to lead the Global Market because of the Rapidly Increasing Industrialization, Infrastructure and Growing Security Concerns"

Over the course of the forecast period, Asia Pacific is anticipated to have the fastest increasing industrial panel pc market share globally. Rapid industrialization, rising infrastructure spending in the energy and power sector, and welcoming government policies to attract foreign firms into the market of industrial panel pc in Asia Pacific are anticipated to significantly fuel market growth because of rising manufacturing activity in a number of sectors, including semiconductor, automotive, and consumer electronics. The need for security services is rising, and manufacturers of high-tech digital security and surveillance systems are actively concentrating on regional expansion and increasing R&D spending. Over the course of the projected period, this is probably what will propel the expansion of the Asian industrial panel PC.

KEY INDUSTRY PLAYERS

"To be Better Prepared for post COVID-19 Scenario the Businesses are Concentrating their Efforts in Next Generation Technologies"

In order to be better prepared for the post-COVID-19 pandemic scenario, industrial panel pc businesses are reviewing their long-term strategy. These businesses are likely to create crisis management plans that work, such as concentrating their efforts on next-generation technologies and solutions, meagerly limiting industrial panel pc R&D budgets, continuously monitoring industrial panel pc market trends, methodical approaches to investment/divestment, meticulously launching marketing plans, fortifying long-term contracts, and other growth plans.

List of Market Players Profiled

• AAEON (Taiwan)
• Advantech (Taiwan)
• Beckhoff Automation (Germany)
• Kontron (Germany)
• Siemens (Germany)
• Arista (U.S.)
• Axiomtek (Taiwan)
• Barco (Belgium)
• Computer Dynamics (U.S.)
• Litemax (Taiwan)
• National Instruments (U.S.)
• Pepperl+Fuchs (Germany)
• RGB Spectrum (U.S.)
• Rockwell Automation (U.S.)
• Sparton (U.S.)

REPORT COVERAGE

This report covers the industrial panel pc market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.